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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Revenue:        
Revenue $ 709,619 $ 732,082 $ 1,707,818 $ 1,665,612
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 469,004 482,979 1,165,317 1,155,476
General and administrative expenses 81,499 62,344 218,267 190,915
Depreciation, depletion, amortization and accretion 58,054 55,127 163,760 164,140
Transaction costs 445 751 1,517 1,449
Operating income 100,617 130,881 158,957 153,632
Interest expense 24,623 28,917 78,049 88,423
Loss on debt financings 4,064 0 4,064 14,565
Other income, net (1,226) (1,875) (2,753) (8,354)
Income from operations before taxes 73,156 103,839 79,597 58,998
Income tax (benefit) expense (19,613) 45,602 (25,333) 34,272
Net income 92,769 58,237 104,930 24,726
Net income attributable to Summit Holdings 2,039 2,480 2,115 1,331
Net income (loss) attributable to Summit Inc/LLC 90,730 55,757 102,815 23,395
Summit Materials, LLC        
Revenue:        
Revenue 709,619 732,082 1,707,818 1,665,612
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 469,004 482,979 1,165,317 1,155,476
General and administrative expenses 81,499 62,344 218,267 190,915
Depreciation, depletion, amortization and accretion 58,054 55,127 163,760 164,140
Transaction costs 445 751 1,517 1,449
Operating income 100,617 130,881 158,957 153,632
Interest expense 24,561 28,800 77,807 88,020
Loss on debt financings 4,064 0 4,064 14,565
Other income, net (1,226) (1,875) (2,753) (8,354)
Income from operations before taxes 73,218 103,956 79,839 59,401
Income tax (benefit) expense (5,106) 18,757 (4,877) 12,265
Net income 78,324 85,199 84,716 47,136
Net income (loss) attributable to Summit Inc/LLC $ 78,324 $ 85,199 $ 84,716 $ 47,136
Common Class A        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.79 $ 0.50 $ 0.90 $ 0.21
Diluted (usd per share) $ 0.79 $ 0.48 $ 0.90 $ 0.21
Weighted average shares of Class A common stock:        
Basic (in shares) 114,116,564 112,179,137 113,943,292 112,020,275
Diluted (in shares) 114,472,171 115,505,122 114,457,276 112,497,610
Product        
Revenue:        
Revenue $ 540,904 $ 554,721 $ 1,334,471 $ 1,293,999
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 331,853 338,119 857,912 846,702
Product | Summit Materials, LLC        
Revenue:        
Revenue 540,904 554,721 1,334,471 1,293,999
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 331,853 338,119 857,912 846,702
Service        
Revenue:        
Revenue 104,342 111,126 228,421 230,389
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 72,778 78,625 162,479 167,550
Service | Summit Materials, LLC        
Revenue:        
Revenue 104,342 111,126 228,421 230,389
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 72,778 78,625 162,479 167,550
Excluding delivery and subcontract revenue        
Revenue:        
Revenue 645,246 665,847 1,562,892 1,524,388
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 404,631 416,744 1,020,391 1,014,252
Excluding delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 645,246 665,847 1,562,892 1,524,388
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 404,631 416,744 1,020,391 1,014,252
Delivery and subcontract revenue        
Revenue:        
Revenue 64,373 66,235 144,926 141,224
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 64,373 66,235 144,926 141,224
Delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 64,373 66,235 144,926 141,224
Cost of revenue (excluding items shown separately below):        
Net cost of revenue $ 64,373 $ 66,235 $ 144,926 $ 141,224